I do too but before I ignored him he said he sold when it was high and made a ton of cash….🙄
Truth Social shares go into freefall after investors learn how much money it really makes!!!
- Thread starter SoProudNole
- Start date
He always came across as the Savvy business type.
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Still would like an update from the Tulsa landscaping owner.
We just wouldn't understand his intellectual superiority. I know that I stand in awe daily at the collective genius of the likes of @Scruddy @your_master5 @Here_4_a_Day @RicoSuave102954
Yep. Lockdown period expired.
DJT investors are fools (except Rico who made millions and is wisely moving his considerable wealth into Trump cryptocurrency!!)
Gold shoesYep. Lockdown period expired.
DJT investors are fools (except Rico who made millions and is moving his considerable wealth into Trump cryptocurrency!!)
I'm not that finely tuned into the markets, but at what level would Trump selling be indicated? I think I heard he has about $2 billion in value, if he tried to dump $200 million how quickly would that show before the required filings?
Not sure on all the details, but I believe an insider must notify the SEC within 20 days of a planned stock sale.
If I'm wrong, someone will let me know.
Personally, I'm waiting until it hits $1.
Then I'll buy everything from Rico and I get to meet that putz.
Then I'll buy everything from Rico and I get to meet that putz.
Sec requires a form 4 filing within 2 business days.
There are about 200m shares outstanding, of which Trump owns about 114m. The 10 day average volume is 11.6m. If (when) he starts dumping a significant portion of his holdings, the stock it going to crater.
$837,000 in revenue. The Casey’s in Lone Tree pulls in more money per year than Truth Social.
Hey all you MAGAs on this board…..WTH are you doing?!? Trump stock down 16+% this morning…Get out there and Buy! Buy! Buy! Continuously giving Trump your money (life savings, kids college funds, etc.), is the only thing that might make him feel a little better this morning. Let’s prop that stock back up so he can sell his shares (and then tank the company).
Donald Trump’s social media stock is plunging after his rocky debate performance
Wall Street sure is acting like Donald Trump lost the debate Tuesday night.finance.yahoo.com
Trump needs your support (money), now more than ever. Give till it hurts!
When the coin in the coffer rings,
The soul from Purgatory springs!
Trump Media & Technology Group Corp
NASDAQ: DJT
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12.88 USD −0.67 (4.91%)
NASDAQ: DJT
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12.88 USD −0.67 (4.91%)
Pretty soon that $1 turns into 100 shares!
Penny stock trading MAGAts waiting to get their chance to own some Trump:
Not nearly good enough, Trump supporters. Donald needs your support. Empty those wallets and fight back. Don't let us communists win!
You know Trump has to be dumping some of his shares right now…regardless of what he says. He’s too greedy to not take the last dollars from his supporters.
Trump Said He Wouldn’t Sell DJT Stock When the Lockup Expired. Is That Legally Binding?
By Bill AlpertUpdated Sept 23, 2024, 9:52 am EDT / Original Sept 22, 2024, 2:00 am EDT
DJT -8.34%
all week, dropping it 25% as traders tried to get ahead of Friday’s expiration of insider lockup agreements. Yet the company’s biggest shareholder, Donald J. Trump, had said he wouldn’t sell.
“I have absolutely no intention of selling,” said the former president at a campaign press conference on Sept. 14.
“A lot of people think that I’ll sell my shares,” Trump said. “I mean, they’re worth billions of dollars. But I don’t want to sell my shares. I’m not going to sell my shares. I don’t need money.”
We Americans don’t take every presidential campaign promise at face value—but statements about stocks, we take seriously. Trump’s comment lifted Trump Media stock that day by 12%, with such strong moves that Nasdaq halted trading twice.
Trump owned 57.3% of Trump Media, as of its September stock prospectus. Since mid-June, the stock has slid from around $35 to $13.55, shrinking the value of his holdings from about $4 billion, to $1.6 billion. That kind of volatility would tempt an insider to cash out some stock, when a lockup expiration permitted. Trump Media stock was down 5.2% in early trading Monday after falling 7.8% on Friday.
So we asked securities law professors whether Trump’s press conference statements bound him, in any way, from selling his unlocked shares. If he sold stock on Friday, or next week, could he be held to account?
Trump’s statements certainly weren’t enforceable under contract law, said Robert Bartlett III, a professor of law and business at Stanford Law School. The former president’s press conference remarks weren’t accompanied by the formalities that made the lockup agreement binding.
But securities law might have something to say if Trump didn’t mean it when he said he had “no intention of selling.” That would make it a misstatement, under securities fraud laws, said Bartlett. And given how much Trump Media stock moved after the Sept. 14 press conference, a plaintiff could argue that the misstatement was “material.”
A sale by Trump on Friday would be an easy case, said Adam Pritchard, a University of Michigan law professor who’s written extensively on securities regulation.
‘If he sold today, that would be fraud,” said Pritchard on Friday. “The chance of lawsuit would be exceedingly high and even the SEC might decide it was worth a lawsuit.”
But Trump didn’t say he intended to hold his stock forever. If Trump starts selling stock some weeks from now, it becomes harder to argue that his statement was false, said Pritchard.
When the former president sells stock, both he and Trump Media are obliged to disclose it. Securities regulations require the filing of a Form 4 notice within two days of a transaction by anyone holding more than 10% of a stock. Trump would have to sell a lot of stock before he falls below that threshold.
He will say he has presidential immunity, even if he does lose in November.
Trump Media shareholder dumped more than 7.5 million shares
https://www.cnbc.com/2024/09/26/tru...are|com.apple.UIKit.activity.CopyToPasteboard
https://www.cnbc.com/2024/09/26/tru...are|com.apple.UIKit.activity.CopyToPasteboard
Might be a good opportunity for Rico to pick up some shares.
Weren't these the guys who sued for additional shares, or sued for the right to sell? I know it was something like that.
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